Thursday, March 31, 2011

Change in the total number of shares and votes in IFS

During March 2011, the warrants programs established during 2008 and 2009 have been partially exercised. Furthermore, A shares have been converted into B shares at the request of shareholders. The total number of shares and votes in the company has thus changed.

During 2008 and 2009, IFS established incentive programs offering senior executives and key personnel the opportunity to subscribe, on market terms, for warrants in the company.

The warrants entitle the holder to acquire B shares. The exercise of warrants in these programs results in a change in the total number of shares and votes in the company.

The articles of association of IFS AB entitle owners of A shares to request the conversion of A shares into B shares. Each A share entitles the holder to 1.0 vote per share and each B share entitles the holder to 0.1 votes per share. The conversion of A shares into B shares results in a change in the total number of votes in the company. On February 28, 2011, the total number of shares in the company amounted to 26,442,922, of which 1,382,782 were A shares and 25,060,140 were B shares. The total number of votes in the company amounted to 3,888,796.0.

During March 2011, partial exercise of the warrants programs established during 2008 and 2009 has resulted in an increase in the number of B shares by 13,000 and an increase in the total number of votes by 1,300.0. 12,000 B shares pertain to the exercise of TO6B warrants and 1,000 B shares pertain to the exercise of TO7B warrants.

During March 2011, 7,774 A shares were converted at the request of shareholders into B shares. This has resulted in a decrease in the total number of votes by 6,996.6.

On March 31, 2011, the total number of shares in the company amounted to 26,455,922, of which 1,375,008 were A shares and 25,080,914 were B shares. 617,987 B shares were in the company’s own custody. The total number of votes in the company amounted to 3,883,099.4.

About IFS

IFS is a public company (XSTO: IFS) founded in 1983 that develops, supplies, and implements IFS Applications™, a component-based extended ERP suite built on SOA technology. IFS focuses on agile businesses where any of four core processes are strategic: service & asset management, manufacturing, supply chain and projects. The company has 2,000 customers and is present in more than 50 countries with 2,700 employees in total. Net revenue in 2010 was SKr 2.6 billion.